ATME Launches Tokenized Gold

ATME, a digital assets exchange licensed by the Central Bank of Bahrain (CBB), announced on Tuesday the completion of its first tokenized real-world asset (RWA) issuance, starting with gold-backed tokens.

The tokens, available to accredited investors, each represent one kilogram of gold stored in custody. Investors can trade these digital assets on ATME’s secondary market or redeem them for physical gold. The initiative aims to modernize gold ownership by eliminating storage and transportation concerns while leveraging blockchain for efficiency and security.

CEO Statement

”By combining the timeless value of gold with blockchain technology, we are unlocking new ways for investors to access and trade high-value assets,” stated Alex Lola, CEO of ATME.

The exchange also plans to expand its offerings to include other asset classes, further integrating blockchain technology into traditional financial systems.

Market Trends

ATME’s tokenized gold offering aligns with a broader trend in financial markets where real-world assets such as commodities, bonds, and funds are increasingly being digitized and traded on blockchain systems, a process known as tokenization. The market for tokenized gold is valued at around $1.2 billion and is presently dominated by Paxos-issued PAXG and Tether’s XAUT tokens. Last year, global bank HSBC introduced a gold token in Hong Kong, indicating wider adoption.

Gold-backed tokens have seen a resurgence following recent record highs in gold prices, driven by a weaker dollar, escalating trade war concerns, and geopolitical instability.